Time: 9:10 PM
The Asian Infrastructure Investment Bank
(AIIB) Friday approved a USD 100 million loan to Bangladesh to accelerate the
country's efforts to deliver improved water supply and sanitation services to
The Bangladesh Municipal Water Supply and Sanitation project will support
investments in water, sanitation and drainage infrastructure in 30
municipalities, where households continue to rely on public standpoints and
shallow-tube wells, noted an AIIB press release.
The AIIB is holding its annual conference in Luxembourg for the first time
outside Asia on Friday and Saturday.
Once completed, about 600,000 people are expected to be connected to new
piped water supply systems and benefit from improved sanitation services in
"This project is expected to directly contribute to the achievement of
Sustainable Development Goal (SDG) 6, which is to ensure access to water and
sanitation for all," said AIIB Director General Supee Teravaninthorn.
Key components of the project also include capacity building at the
national and local levels and project implementation and management support.
The Bangladesh Municipal Water Supply and Sanitation project, which is
co-financed with the World Bank, is AIIB's fifth investment in Bangladesh, all
of which are aligned with the country's top priority development plans and the
SDGs, added the press release.